It depends on how knowledgeable are about cryptocurrency. As a newbie,  it take a long time for me in bounty projects. I still have a lot of things to learn and research.  I do 4 hrs everyday in learning and posting in cryptocurrency.

As a newbie to this furom, why not do both. Invest in short term trading, even profit is just small. Participating bounty campaigns doesn’t requires money, it only requires thorough efforts. $400 start in investing is a good one. Invest many promising coins as you can to get more profit.

Definitely Yes if your in panic you can make a wrong decision. Like when your panic about the red market, you can sell your coins in a low price.